Hi!
Silver is still respecting a broader bearish structure after being rejected from the 4H resistance zone. That rejection effectively marked a shift in momentum, followed by the formation of a clear head-and-shoulders pattern inside a well-defined descending channel.
Price action now sits in a corrective phase after the breakdown. This kind of move is typical after impulse selling: the market retraces back toward the middle of the channel as liquidity resets and short-term oversold conditions normalize. The 100 SMA overhead reinforces that any recovery is likely to be capped unless buyers reclaim higher structure levels.
From here, the more relevant scenario is continuation rather than reversal. A retrace toward the mid-channel area would be technically normal, but as long as price remains below the broken neckline and channel resistance, the broader pressure stays to the downside.
The key focus is the lower boundary of the channel and the weekly support zone around 54.2–54.8. If momentum picks up again after the retrace, that area becomes the logical target where price is likely to react.
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
Silver is still respecting a broader bearish structure after being rejected from the 4H resistance zone. That rejection effectively marked a shift in momentum, followed by the formation of a clear head-and-shoulders pattern inside a well-defined descending channel.
Price action now sits in a corrective phase after the breakdown. This kind of move is typical after impulse selling: the market retraces back toward the middle of the channel as liquidity resets and short-term oversold conditions normalize. The 100 SMA overhead reinforces that any recovery is likely to be capped unless buyers reclaim higher structure levels.
From here, the more relevant scenario is continuation rather than reversal. A retrace toward the mid-channel area would be technically normal, but as long as price remains below the broken neckline and channel resistance, the broader pressure stays to the downside.
The key focus is the lower boundary of the channel and the weekly support zone around 54.2–54.8. If momentum picks up again after the retrace, that area becomes the logical target where price is likely to react.
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
Nota
#Silver #XAGUSDThis bearish outlook remains valid as long as price stays below $75.5.
Trade chiuso: obiettivo raggiunto
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🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.